For Immediate Release

Contact: James Paxson, General Manager
Hacienda Owners Association
(925) 734-6500

PLEASANTON, Calif. — Hacienda continues to experience the same uncertainties in its market as those realized regionally and nationally as a result of the Covid-19 pandemic and related response measures. However, in reviewing trends over the last several months, increases in vacancy appear to be due more to delays in the establishment of new tenancy rather than absolute declines in tenancy that are directly related to the pandemic. Again, while there has been little change over the previous few months, prospects are good that the activity levels seen over the last several years will begin to resume once the conditions surrounding the pandemic become more stable. The park is the largest mixed-use development of its kind in Northern California.

“Hacienda's first quarter occupancy has decreased just slightly over December of last year. Although Retail vacancy has remained unchanged since the close of 2020, both Office and Flex vacancy are slightly higher than the close of the prior year. As we have noted previously, given all of the impacts on the market in 2020 and the fact that Hacienda will likely still experience some lingering effects of these impacts, seeing only this modest level of decline at this point in the first quarter is encouraging,” notes James Paxson, Hacienda's general manager. "With the continued delivery of vaccines and other measures to control the Covid-19 pandemic, we are optimistic that there will be increased activity in the coming months in response."

Major Business Activity

Here is a summary of just some of what has gone on in Northern California’s largest mixed-use development in the past three months:

Truebeck Projects Among Largest in the Bay Area

The San Francisco Business Times released its list of the largest construction projects currently under development on the San Francisco Bay Area peninsula. These projects are ranked based on construction cost. Truebeck has three of the top 10 projects and seven of the top 20. Coming in at second is Truebeck’s Facebook MPK 22 project. A 457,000sf, four-story office building with an eight-story, 1750-stall parking garage.

In fifth is their project in San Carlos for Alexandria Real Estate Equities Inc called “The Alexandria District for Science & Technology.” A future biotech campus that includes two separate, six-story, 275,880sf warm shell steel buildings, totaling 551,760sf, and a five-story ... more.

-=-=-=-

Sensiba San Filippo Launches Sensiba Center for Sustainability - Innovative Venture from Top Bay Area Accounting and Consulting Firm Will Guide Companies’ Strategic Transition to Purpose-Driven Business Models

Sensiba San Filippo LLP (SSF), a leading Northern California-based accounting and business consulting firm, is pleased to announce it has launched the Sensiba Center for Sustainability. The newly branded effort brings greater clarity to the firm’s Impact Consulting practice and is devoted to helping companies establish and implement strategic plans for positively impacting social and environmental change in their local communities and globally.

The Sensiba Center for Sustainability, the first of its kind in California, provides a full spectrum of services to advise companies at every phase of the transition to a purpose-driven business model. From businesses just beginning to ... more.

-=-=-=-

Infowise Top Automation Trends To Watch In 2021 - Automation Trends To Watch In 2021

The COVID-19 pandemic made everyone question their business models. A majority of organizations weren’t equipped to face the challenges brought on by the pandemic, such as remote working. However, with time, businesses started to control the situation by leveraging automation technologies, artificial intelligence, and machine learning tools. As a result, we see the following automation trends around the world.

Hyperautomation to Become Inevitable in the Market

For the past couple of years, Hyperautomation has been gaining a lot of attention. It is an advanced type of automation that completes processes and tasks at increased ... more.

New Tenants

Hacienda has recently welcomed a new tenant to the park. New tenants recently arriving in Hacienda include:

Cogenics Consulting Group Inc. - 4733 Chabot Drive, Suite 105
(888) 509-2971, www.cogenicsconsulting.com
An IT consulting firm.

About Hacienda

Hacienda is the largest development of its kind in Northern California. Over 10 million square feet of existing, mixed-use space is occupied by some 680 companies that locally employ approximately 20,000 people. Hacienda’s businesses represent the best and the brightest of contemporary corporate America and provide the home to everything from small offices to regional centers to large campuses for company headquarters. In addition, Hacienda also features homes to some 5,600 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.

Contact Information

Hacienda Owners Association
4305 Hacienda Drive, Suite 330, Pleasanton, California  94588-2738
(925) 734-6500 phone     (925) 734-6501 fax
info@hacienda.org e-mail     www.hacienda.org WWW